Lebanon

February 4, 2001

02:00 GMT

Banque Europeene pour le Moyen-Orient S.A.L. (BEMO) published its unaudited financial statements for 2000 showing net income at LP5.22 billion $3.47 million), up 16.7 percent from LP4.48 billion ($2.9

02:00 GMT

Byblos Bank released its unaudited 2000 financial statements reporting a consolidated net profit of $46.82 million, down 6.81 percent from 1999, while total assets increased by 12.1 percent to $4.07 b

02:00 GMT

Lebanese Banque Audi S.A.L. announced its 2000 results with consolidated unaudited net profits 10.02 percent down to LP51.71 billion ($34.3 million), corresponding to earnings per share of $2.13.

02:00 GMT

BLOM Bank S.A.L. (formerly named Banque du Liban et d’Outre-Mer), the largest bank in Lebanon, announced that its consolidated net profits for full year 2000 rose 11 percent from $70.68 million in 199

02:00 GMT

Purchase TB subscriptions resumed their increase as they gained 28.6 percent at the January 25 auction, to LP517.37 billion ($343.2 million), while maturing bills rose 35.1 percent to LP337.49 billion

02:00 GMT

After several weeks of relative calm, the Lebanese pound found itself under renewed pressure this week. The prospect of an impending victory by the hawkish Ariel Sharon in the upcoming prime ministeri

02:00 GMT

Just as it seemed that the local equity market had put its lows behind it, the BLOM Stock Index plumbed new depths this week, slumping to a new bottom of 560.41.

02:00 GMT

Lebanon should be removed from the OECD's blacklist of suspected money launderers in June, the secretary general of the Association of Lebanese Banks, Makram Sader, said Friday, February 2.

02:00 GMT

Fitch IBCA said Friday, February 2, it downgraded its long-term foreign and local currency ratings on the Republic of Lebanon and changed its outlook to stable from negative.

02:00 GMT

Energy ministers of Lebanon, Egypt and Syria, and Jordan signed on Sunday a $1bn deal for the transfer and sale of natural gas between the four countries.

February 3, 2001

02:00 GMT

US academic, Dean S. Kevlin, resigned Saturday and was soon to head back home, a day after raising concerns by disappearing for 24 hours and then bein

02:00 GMT

Two children were killed Saturday in an explosion caused by a gas leak inside a shop in Beirut.

02:00 GMT

Lebanese businessmen are urged to “go east\" and invest in telecommunications infrastructure and internet ventures.

02:00 GMT

Nine Lebanese babies received a second chance at life this week when a Swiss medical team arrived in Beirut to perform open-heart surgeries for free.

February 1, 2001

02:00 GMT

ƒnMail Boxes Etc.(MBE),a global franchise of one-stop shops that offer a range of services such as postal, communication, Internet and business services, has started operations in Lebanon.